Centerra Gold (TSE:CG) Stock Passes Below 200 Day Moving Average of $8.32

Centerra Gold Inc. (TSE:CG)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$8.32 and traded as low as C$7.40. Centerra Gold shares last traded at C$7.56, with a volume of 859,674 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on CG shares. Raymond James boosted their target price on Centerra Gold from C$11.00 to C$12.50 in a research report on Friday, June 2nd. CSFB upped their target price on shares of Centerra Gold from C$8.50 to C$9.00 in a research note on Thursday, August 17th. TD Securities raised shares of Centerra Gold from a “hold” rating to a “buy” rating and lifted their price target for the company from C$8.50 to C$11.00 in a research note on Thursday, June 1st. CIBC increased their price target on Centerra Gold from C$10.60 to C$11.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 2nd. Finally, National Bankshares decreased their price objective on Centerra Gold from C$12.50 to C$12.00 and set an “outperform” rating for the company in a report on Wednesday, August 2nd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$10.00.

Centerra Gold Stock Performance

The company has a current ratio of 3.94, a quick ratio of 3.24 and a debt-to-equity ratio of 0.28. The company has a market cap of C$1.64 billion, a PE ratio of -5.01, a P/E/G ratio of 1.26 and a beta of 1.04. The firm’s 50-day simple moving average is C$8.00 and its two-hundred day simple moving average is C$8.32.

Centerra Gold (TSE:CG) last issued its earnings results on Monday, July 31st. The company reported C($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.18) by C($0.09). The firm had revenue of C$247.86 million during the quarter. Centerra Gold had a negative return on equity of 14.61% and a negative net margin of 34.71%. As a group, research analysts anticipate that Centerra Gold Inc. will post 0.9390244 earnings per share for the current fiscal year.

Centerra Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 29th. Shareholders of record on Tuesday, August 15th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 3.70%. The ex-dividend date of this dividend was Monday, August 14th. Centerra Gold’s payout ratio is -18.54%.

About Centerra Gold

Centerra Gold Inc, a gold mining company, engages in the acquisition, exploration, development, and operation of gold and copper properties in North America, Turkey, and internationally. The company explores for gold, copper, and molybdenum deposits. Its flagship projects include the 100% owned Mount Milligan gold-copper mine located in British Columbia, Canada; and the Öksüt Gold Mine located in Turkey.